Citigroup Inc. (NYSE:C) was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Monday. They currently have a $48.79 target price on the financial services provider’s stock. Vetr‘s price objective would suggest a potential downside of 14.07% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Compass Point began coverage on Citigroup in a report on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price target for the company. increased their price target on Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Argus reaffirmed a “hold” rating on shares of Citigroup in a report on Tuesday, October 18th. Goldman Sachs Group Inc. cut Citigroup from a “buy” rating to a “neutral” rating and cut their price target for the company from $52.00 to $50.00 in a report on Friday, September 16th. Finally, TheStreet raised Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Citigroup currently has an average rating of “Hold” and an average target price of $53.47.

Shares of Citigroup (NYSE:C) traded up 0.16% during midday trading on Monday, hitting $56.78. The company’s stock had a trading volume of 11,488,191 shares. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.83. The firm has a market cap of $161.81 billion, a price-to-earnings ratio of 12.35 and a beta of 1.74. The firm has a 50-day moving average of $50.86 and a 200 day moving average of $46.50.

Citigroup (NYSE:C) last released its earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The business had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.32 billion. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 earnings per share. On average, equities research analysts predict that Citigroup will post $4.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 13.91%.

A number of institutional investors have recently modified their holdings of C. Gemmer Asset Management LLC boosted its position in Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares during the last quarter. City Holding Co. boosted its position in Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock valued at $109,000 after buying an additional 485 shares during the last quarter. Cedar Wealth Management LLC boosted its position in Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock valued at $111,000 after buying an additional 950 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Citigroup during the second quarter valued at about $116,000. Finally, Enterprise Financial Services Corp boosted its position in Citigroup by 44.5% in the third quarter. Enterprise Financial Services Corp now owns 2,447 shares of the financial services provider’s stock valued at $116,000 after buying an additional 753 shares during the last quarter. Hedge funds and other institutional investors own 72.52% of the company’s stock.